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Buyer is to receive under this Agreement.
(iv) Material Contracts and Materials Rights of Way. As of the
Closing Date, Seller shall have obtained all consents required
by Section 3.2.1 to the assignment of the Material Contracts
and Material Rights of Way to the Buyers.
6.2.2 Seller's General Closing Conditions. Seller is not obligated to
close the transaction described in this Agreement, and will have the right to
terminate this Agreement as to that portion of the Assets to be transferred to
the either of the respective Buyers, unless each of the following closing
conditions is satisfied, any one or more of which Seller may waive in whole or
part:
(i) Buyers' Representations and Warranties. As of the Closing Date,
all representations and warranties of Buyers are true and
correct and are not misleading in any material respect.
(ii) Performance of Buyers' Obligations. Buyers have performed all
material obligations Buyers are required to perform with
respect to the Assets to be transferred to such Buyer under
this Agreement on or before the Closing Date.
(iii) Simultaneous Closings. Each of the closings with Enogex and
Conoco will occur simultaneously (provided, however, that
Seller may, in its sole discretion, waive this condition and
proceed with only one of the closings if other conditions still
remain pending for the other closing).
6.2.3 Mutual Closing Conditions. Neither Seller nor Buyers is
obligated to close the transaction described in this Agreement, and Seller or
either Buyer may terminate this Agreement as to that portion of the Assets to be
transferred to such Buyer, unless each of the following closing conditions is
satisfied, any one or more of which the parties may waive in whole or part by
mutual agreement:
(i) Legal Proceedings. There are no material suits or other
proceedings pending or threatened before any court or
governmental agency seeking to restrain or prohibit the
transaction contemplated by this Agreement, or seeking
substantial damages in connection with this transaction, and
there is no reasonable basis for any such suit or proceeding.
(ii) No Violations. Closing shall not violate any order or decree of
any court or governmental body having competent jurisdiction.
6.2.4 Notice of Termination. Any party exercising a right of termination
under this
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